Tiverton Asset Management LLC raised its stake in shares of Honeywell (NYSE:HON) by 108.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,171 shares of the conglomerate’s stock after buying an additional 11,546 shares during the quarter. Tiverton Asset Management LLC’s holdings in Honeywell were worth $3,204,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of HON. Capital Planning Advisors LLC grew its holdings in Honeywell by 66.0% during the 3rd quarter. Capital Planning Advisors LLC now owns 15,403 shares of the conglomerate’s stock valued at $2,183,000 after buying an additional 6,123 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in Honeywell by 2.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 153,166 shares of the conglomerate’s stock valued at $21,709,000 after buying an additional 3,549 shares in the last quarter. Morningstar Investment Services LLC purchased a new position in Honeywell during the 3rd quarter valued at about $209,000. Amica Retiree Medical Trust grew its holdings in Honeywell by 17.2% during the 3rd quarter. Amica Retiree Medical Trust now owns 5,404 shares of the conglomerate’s stock valued at $766,000 after buying an additional 795 shares in the last quarter. Finally, Haverford Trust Co. grew its holdings in Honeywell by 19.7% during the 3rd quarter. Haverford Trust Co. now owns 19,673 shares of the conglomerate’s stock valued at $2,788,000 after buying an additional 3,235 shares in the last quarter. 74.46% of the stock is owned by institutional investors and hedge funds.
NYSE:HON opened at $148.34 on Monday. The company has a market capitalization of $110.80 billion, a P/E ratio of 20.86, a PEG ratio of 1.98 and a beta of 0.98. Honeywell has a 1-year low of $131.35 and a 1-year high of $165.13. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of 0.72.
Honeywell (NYSE:HON) last released its earnings results on Friday, April 20th. The conglomerate reported $1.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.06. The company had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $10.03 billion. Honeywell had a return on equity of 29.25% and a net margin of 4.26%. Honeywell’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.71 EPS. equities analysts forecast that Honeywell will post 8.02 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Friday, May 18th will be given a $0.745 dividend. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $2.98 dividend on an annualized basis and a yield of 2.01%. Honeywell’s payout ratio is 41.91%.
In related news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $156.36, for a total value of $448,440.48. Following the completion of the sale, the director now owns 41,092 shares in the company, valued at approximately $6,425,145.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.33% of the company’s stock.
A number of research firms have weighed in on HON. Zacks Investment Research lowered Honeywell from a “buy” rating to a “hold” rating in a report on Friday. ValuEngine lowered Honeywell from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Oppenheimer cut their price objective on Honeywell from $180.00 to $172.00 and set an “outperform” rating for the company in a report on Monday, April 30th. TheStreet raised Honeywell from a “c+” rating to an “a-” rating in a report on Friday, April 20th. Finally, Barclays boosted their price objective on Honeywell from $170.00 to $172.00 and gave the stock an “overweight” rating in a report on Monday, April 23rd. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Honeywell currently has a consensus rating of “Buy” and an average price target of $167.73.
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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